	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£31,056	£31,522	£32,310	£33,118	£34,111	£162,117
Total Expenses	£32,481	£32,574	£32,696	£32,820	£32,962	£163,534
Profit Before Tax	£-1,425	£-1,052	£-386	£297	£1,149	£-1,417
Profit After Tax	£-1,425	£-1,052	£-386	£297	£931	£-1,635
Change In Property Value	£7	£7	£13,800	£24,633	£32,780	£71,228
Net Return	£-1,418	£-1,045	£13,414	£24,931	£33,711	£69,592
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	0%	6%	11%	15%	30%